THE RELATIVE IMPACT OF OIL AND NON-OIL EXPORTS ON ECONOMIC GROWTH IN NIGERIA: 1983-2007

  • Type: Project
  • Department: Economics
  • Project ID: ECO1092
  • Access Fee: ₦5,000 ($14)
  • Pages: 69 Pages
  • Format: Microsoft Word
  • Views: 224
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

                                                                                       


ABSTRACT


The study is made up of two independent models, Gross Domestic Product (GDP) and Investment respectively. The independent variables Oil export, Non-oil export, Real exchange rate and Inflation rate were modeled to capture their effect on GDP and Investment respectively.


The study employed Log Linear Model. Following the empirical findings in this study, we observed that, Non-oil export have not contributed a lot to economic growth in Nigeria but other indicators exert enough pressure on the strength of the economy, evidence from the result of the first model. Judging from the result of the second model, Oil export proves a negative non significant variable with investment growth in Nigeria.


The study recommends appropriate economic policies, institutional reforms and massive political will for the country to address the issues of dwindling exportation of Non-oil sector and the trap of Dutch Disease associated with oil-dependency.  


 
 
                                                                                                  Pages                              


LIST OF TABLE


Unit Root Test for Stationarity ------------------------------------------- 42


Co-integration Result ------------------------------------------------------ 45


Modeling Log of Differenced GDP by OLS --------------------------- 45


Modeling Log of Differenced INV by OLS ---------------------------- 46


Summary of t-statistic test for model 1 ---------------------------------- 50


Summary of t-statistic test for model 2 ---------------------------------- 52


 
 

 
TABLE OF CONTENT


Title page ----------------------------------------------------------------        i


Approval page ----------------------------------------------------------        ii


Dedication --------------------------------------------------------------         iii


Acknowledgement -----------------------------------------------------         iv


Abstract -----------------------------------------------------------------          v


List of tables -----------------------------------------------------------          vi


Table of content ---------------------------------------------------  vii

           CHAPTER ONE


1.0    Introduction -------------------------------------------------------        1


1.1 Background of study ---------------------------------------------        1


1.2 Statement of problem --------------------------------------------        3


1.3 Objective of the study -------------------------------------------        5


1.4 Statement of hypothesis -----------------------------------------        5


1.5 Significance of the study ----------------------------------------        6


1.6 Scope and limitations of the study -----------------------------        6



                 CHAPTER TWO     
2.1 Meaning of oil and non-oil exports ----------------------------        7


2.2 A brief historical perspective on oil in Nigeria --------------        7


2.3 Oil and economic policies in Nigeria -------------------------        10


2.4 The Dutch-Disease ----------------------------------------------        15


2.5 The boom and burst periods in oil sector and policy response -----17 


2.6 Macroeconomic policies and structure of Non-oil export in Nigeria-22


2.7 Oil export, Non-oil export and Economic growth in Nigeria ------- 26


          Empirical Literature----------------------------------------------------29

                       CHAPTER THREE


Research methodology--------------------------------------------------------35


3.1 Model Specification------------------------------------------------------35


3.2 Method of Evaluation----------------------------------------------------37

                      CHAPTER FOUR


4.1 Data presentation---------------------------------------------------------41


4.2 Data Analysis ------------------------------------------------------------44



                   CHAPTER FIVE
  Summary, Conclusion and Recommendation---------------------------58


5.1 Summary------------------------------------------------------------------58


5.2 Conclusion----------------------------------------------------------------61


5.3 Recommendation---------------------------------------------------------62


    BIBLIOGRAPHY---------------------------------------------------------66


Appendix              



THE RELATIVE IMPACT OF OIL AND NON-OIL EXPORTS ON ECONOMIC GROWTH IN NIGERIA: 1983-2007
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO1092
  • Access Fee: ₦5,000 ($14)
  • Pages: 69 Pages
  • Format: Microsoft Word
  • Views: 224
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO1092
    Fee ₦5,000 ($14)
    No of Pages 69 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT The study is made up of two independent models, Gross Domestic Product (GDP) and Investment respectively. The independent variables Oil export, Non-oil export, Real exchange rate and Inflation rate were modeled to capture their effect on GDP and Investment respectively. The study employed Log Linear Model. Following the empirical findings... Continue Reading
                                                                                            ABSTRACT The study is made up of two independent models, Gross Domestic Product (GDP) and Investment respectively. The independent variables Oil export, Non-oil export, Real... Continue Reading
    ABSTRACT The study is made up of two independent models, Gross Domestic Product (GDP) and Investment respectively. The independent variables Oil export, Non-oil export, Real exchange rate and Inflation rate were modeled to capture their effect on GDP and Investment respectively. The study employed Log Linear Model. Following the empirical findings... Continue Reading
    ABSTRACT The study is made up of two independent models, Gross Domestic Product (GDP) and Investment respectively. The independent variables Oil export, Non-oil export, Real exchange rate and Inflation rate were modeled to capture their effect on GDP and Investment respectively. The study employed Log Linear Model. Following the empirical findings... Continue Reading
    LIST OF TABLE Unit Root Test for Stationarity ------------------------------------------- Co-integration Result ------------------------------------------------------  Modeling Log of Differenced GDP by OLS -------------------------- Modeling Log of Differenced INV by OLS ------------------------ Summary of t-statistic test for model 1... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 Background to the Study Governments all over the world demand or impose one type of tax or the other.  The main purpose of imposing any type of tax has been for the government concerned to use the proceeds of the taxation to run the government and to provide some essential services.  It is being noted that the aims... Continue Reading
    ABSTRACT  The study examined the impact of money supply on economic growth in Nigeria. In the model specified, real gross domestic product (real GDP) is the regress while real exchange rate, broad money supply and real interest rate are the regressors. Data was collected from CBN statistical bulletin for the period 1970-2007. The statistical... Continue Reading
    ABSTRACT The study examined the impact of money supply on economic growth in Nigeria. In the model specified, real gross domestic product (real GDP) is the regress while real exchange rate, broad money supply and real interest rate are the regressors. Data was collected from CBN statistical bulletin for the period 1970-2007. The statistical... Continue Reading
    ABSTRACT In recent decades, the potential contribution of agriculture to economic growth has been a subject of much controversy among development economists.  While some contend that agricultural development is a pre-condition for industrialization, others strongly disagree and argue for a different path. Taking advantage of Ordinary Least Square... Continue Reading
    ABSTRACT In recent decades, the potential contribution of agriculture to economic growth has been a subject of much controversy among development economists.  While some contend that agricultural development is a pre-condition for industrialization, others strongly disagree and argue for a different path. Taking advantage of Ordinary Least Square... Continue Reading
    Call Us
    whatsappWhatsApp Us